Main » Mukesh Ambani with $40bn, richest among 121 billionaires in India

Mukesh Ambani with $40bn, richest among 121 billionaires in India

07 March 2018

The magazine highlights the more than 2,200 billionaires around the world who hold a combined net worth of $9.1 trillion.

"There are 259 newcomers including the first ever cryptocurrency billionaires; two Canadians whose toy company is behind Hatchimals and PAW Patrol; two Americans who founded online retailer Wayfair; and a 35-year-old heiress who runs In-N-Out Burger", Forbes added.

His net worth dropped from $5.6 billion last year to $5.4 billion this year. France's Bernard Arnault of luxury goods group LVMH is the richest person from outside of the USA with a $72 billion fortune.

Modi, who had featured in Forbes' 2017 rich list with a fortune of US$ 1.8 billion, could not make the cut in this year's rankings.

This year's list consists of 2,043 of the richest people in the world. His wealth has grown by over 8 billion dollars.

Trump Tower, the President's Fifth Ave. home and namesake high-rise, lost an estimated $41 million in value a year ago, according to Forbes.

Forbes estimated that Trump lost around $1 billion in net worth in its 2017 ranking. Bezos's calculated fortunes as on March 6, 2018, is $ 112 billion. In aggregate, they may represent less than 1% of total billionaires but their riches amount to 13% of the total fortune of all billionaires worldwide. China, which is ruled by the Communist Party of China, has the second highest number of billionaires in the world (373) after the United States (585).

Forbes adds while Trump's $3.1 billion fortune is "a far cry" from the $10 billion-plus he once claimed, it still makes him the richest president in US history.

Fortescue Metals Group chair Andrew Forrest was the next Australian mining identity to feature on the list in 480 spot with a $US4.4 billion fortune.